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Friday I placed stop loss orders on many stocks and nearly all of them kicked in. In one day, I wound up selling ARDI, CMTL, FARO, NVDA, and OIIM. In some cases, I captured a small profit and in others, I took a small loss. My Daily Graphs Online gives me the ability to look at the last few days trading on any stock in 1, 5, 10, 15, 30, and 60-minute intervals. I’m starting to use that graph to see if a stock is trending down and where to place my stop loss sell order.
Tonight I placed buy orders on SMTI at $11.05 and ABAX at $20.85. Of the two, ABAX looks ripe for picking and I would be unsurprised to see my buy on that stock trigger tomorrow.
Posted by Ted at January 25, 2004 9:08 PM